Carlos Ring

New Ruling For Florida Home Owner Associations

Thu, Jul 07, 2011 at 9:00AM

For you homeowners who live in a community with a Home Owners Association or a Condo Association or Cooperative Association, it is important to be aware of the new laws in affect as of July 1 in the State of Florida.

New Ruling For Florida Home Owner Associations | Florida Law Affecting Condo Associations | Home Owner Association Rules

If you are behind on your maintenance fee, legally the Home Owners Association, Condo Association and Cooperative Association has the right to obtain your monthly rent payment from your tenant as payment for your delinquent maintenance fee and or/ban you from using amenities and common areas such as the community pool, club house and common areas.  This may seem unfair to a homeowner who is behind on their payments but somehow the HOA and condo associations need to be paid in order to properly maintain the property.

Can't Pay Maintaince Fees For Florida HOA | Condo or Co-Op

Due to the number of foreclosures, short sales and home owners who are delinquent on the fees have caused some Home Owners Associations, condo associations and cooperatives struggle to maintain the development and cover the cost of the perks home owners receive in their maintenance fees.   These developments will be deeply impacted if they do not receive the maintenance fees.

So What is A Florida Home Owner To Do?

If you are behind on your maintenance fees don't wait until receive notices from the board, call them as there is a chance they may work out something with you.  Behind on your mortgage payment, not sure about a short sale, call me for a free consultation.

Browse Condo's For Sale in Daytona Beach down below!

Bookmark & Share

User Comments

Be the first to comment on this post below!